- XAG/USD is currently trading around $18.39 marks.
- It made intraday high at $18.49 and low at $18.02 levels.
- Intraday bias remains bullish for the moment.
- A daily close above $18.44 will test key resistances at $18.49, $18.65, $18.87 and $18.98 marks respectively.
- On the other side, a daily close below $18.00 will take the parity down towards key supports at $17.74, $17.62, $17.35 and $17.17 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on XAG/USD around $18.35, stop loss at $18.20 and target of $18.65.
